The Common Stock of Checkers, Inc

question 258

Multiple Choice

The common stock of Checkers, Inc. is selling for $40 a share. The par value per share is $1. Currently, the firm has a total market value of $78,600. How many shares of stock will be
Outstanding if the firm does a 5-for-3 stock split?

• A) 1,179 shares
• B) 1,965 shares
• C) 2,555 shares
• D) 3,275 shares
• E) 5,895 shares

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Definitions:

Inspection Phase

The initial part of a physical examination where a healthcare provider visually examines a patient for any signs of abnormality.

Palpation

The act of examining part of the body by touch, especially for the purpose of diagnosing disease or illness.

Percussing

A method in medical examinations where the surface of the body is tapped lightly to evaluate the condition of the organs underneath.

Abdominal Musculature

Refers to the muscles found in the abdomen area, responsible for posture, movement, and the protection of internal organs.